ADP Employment increased by 253,000 jobs

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Thursday, Jun 01 2017

ADP Employment increased by 253,000 jobs

Private sector employment increased by 253,000 jobs from April to May according to the May ADP National Employment Report. “May proved to be a very strong month for job growth,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Professional and business services had the strongest monthly increase since 2014. This may be an indicator of broader strength in the workforce since these services are relied on by many industries.”

Separate report on Unemployment Claims showed that U.S. jobless-benefit claims remain low despite an increase last week, with the labor market otherwise exhibiting signs of continued tightening, Labor Department data showed Thursday. Initial filings increased by 13k to 248k (est. 238k). Continuing claims decreased by 9k to 1.915m in week ended May 20 (data reported with one-week lag). Four-week average of initial claims, a less-volatile measure than the weekly figure, rose to 238k from 235.5k in the prior week.

More in this category: « UK Manufacturing PMI fell to 56.7 US Manufacturing PMI little changed in May »

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